Kyle Is 31 Years Old, Single, Self-Employed, and Has No

question 83

Multiple Choice

Kyle is 31 years old, single, self-employed, and has no qualified pension plan. His net self-employment income is $35,000 and he contributes the maximum amount to his IRA account during the current year. How much can Kyle deduct for AGI this year?

• A)$- 0 -
• B)$1,500
• C)$3,000
• D)$4,000
• E)$5,500

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